Bevan Rudge JavaScript and web technologist

The late breaking news ripping through the twitter-sphere and hitting the blogosphere is that

Matt Mullenweg, founder of Automattic and creator of open-source blogging system WordPress... raised a whopping $29.5 million in a Series B Round of funding, including a strategic investment from The New York Times Co. True Ventures led the round, which includes previous investors Polaris Ventures and Radar Ventures. (Full disclosure: both Automattic and GigaOM are backed by True Ventures.)

Matt confirmed this in his blog.

This comes at an interesting time in relation to Acquia's news of "$7 million in a Series A financing".